Yellowknife's draft 2027 budget proposes a 5.25% property-tax increase

Yellowknife's draft 2027 budget proposes a 5.25 per cent property tax increase, city staff told the new mayor and council at their first public meeting on Nov. 12. The draft projects $167.5 million in spending, including $55 million for capital projects, and $145.4 million in revenue, with $22.1 million in internal transfers and other adjustments covering the gap, because the city must balance its budget. Proposed spending includes $16 million to replace Lift Station #1 and $7.2 million for water and sewer infrastructure. Council will now decide what stays, what is cut and how much residents pay in property tax.